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Rakuten (OTCMKTS:RKUNY) Sees Large Volume Increase - What's Next?

Rakuten logo with Computer and Technology background

Rakuten, Inc. (OTCMKTS:RKUNY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 27,914 shares traded hands during mid-day trading, an increase of 1% from the previous session's volume of 27,700 shares.The stock last traded at $5.62 and had previously closed at $5.51.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. CLSA upgraded shares of Rakuten to a "strong-buy" rating in a research note on Thursday, May 29th. Nomura Securities raised shares of Rakuten to a "hold" rating in a research report on Tuesday, May 27th.

Get Our Latest Stock Report on RKUNY

Rakuten Trading Down 2.1%

The business's 50-day moving average price is $5.63 and its 200 day moving average price is $5.85. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of -9.27 and a beta of 1.05.

Rakuten (OTCMKTS:RKUNY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. Rakuten had a negative return on equity of 17.37% and a negative net margin of 8.35%. The business had revenue of $3.69 billion for the quarter. On average, equities analysts forecast that Rakuten, Inc. will post 0.06 earnings per share for the current fiscal year.

Rakuten Company Profile

(Get Free Report)

Rakuten Group, Inc provides services in e-commerce, fintech, digital content, and communications to various users in Japan and internationally. The company operates through three segments: Internet Services, FinTech, and Mobile. The Internet Services segment provides range of e-commerce sites, such as Rakuten Ichiba, an Internet shopping mall, online cash-back sites, travel booking sites, portal sites, and digital content sites.

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